Klarna Debit Risk
Founded in 2005, the Swedish payments giant Klarna is considered one of the market leaders in global payments and shopping services, with more than 90 million users worldwide. In 2013 Klarna has acquired Sofort and is decommissioning it in favour of a new product. Klarna Debit Risk is a "Pay by Bank" payment method designed exclusively for high risk segments such as Gaming, Crypto and Gambling.
Want to integrate Klarna Debit Risk onto your platform?
Get in touchKlarna Paylater
Between 2021 and 2025, “buy now, pay later” apps are expected to grow by a factor of fifteen (BofA). And the Swedish payments giant Klarna is considered one of the market leaders in buy now pay later services in Europe and the US. In the year to June 2021 alone, the US gross merchandise volume for Klarna’s pay-later product increased by 311%. The company offers three payment methods: Pay now, Pay in 30 Days, and Financing. When selecting Pay in 30 Days consumers have the option to pay within a set amount of days depending on the market or pay in interest-free installments.
Want to integrate Klarna Paylater onto your platform?
Get in touchKlarna PayNow
Founded in 2005, the Swedish payments giant Klarna is considered one of the market leaders in global payments and shopping services, with more than 90 million users worldwide. At the online checkout, consumers select the Klarna payment option they prefer based on availability by country and merchant. When selecting Pay Now they have the option to pay by bank transfer, debit card or credit card. Klarna offers both a buyer protection policy and a merchant payment guarantee.
Want to integrate Klarna PayNow onto your platform?
Get in touchKlarna Fair Financing
Founded in 2005, Klarna is the leading global payments and shopping service, providing flexible shopping and purchase experiences to 90 million active consumers across over 250,000 merchants in 17 countries. Considered one of the market leaders in buy now, pay later services in Europe, Klarna offers three payment methods: Fair Financing, PayNow, Pay in 30 Days. Consumers select the Klarna payment option they prefer based on availability by country and merchant, and complete a Klarna credit application for an instant decision.
Why Klarna Debit Risk
Over 250,000 merchants globally have integrated Klarna — an indication of the payment method’s widespread acceptance and usefulness.
In its May 2022 results, Klarna reported 93% of transactions are made by returning Klarna users with their most loyal users making an average of 53 transactions during Q1 2022
Klarna reports retailers typically see a 68% increase in average order value, and 44% of their customers would have abandoned carts if Pay Now had not been available.
Specifications
Coverage
Currencies
Features
How it works
At online checkout, the consumer selects Klarna as their preferred payment method
The consumer redirects to a Klarna HPP and selects their bank to pay, via bank transfer or direct debit
The consumer provides their bank account credentials, reviews and authorises the transaction
Payment is confirmed; the consumer redirects to the merchant
Want to integrate Klarna Debit Risk onto your platform?
Get in touchWhy Klarna Paylater
According to Klarna’s May 2022 results, over 147 million global consumers now use Klarna — with the overwhelming majority choosing interest-free Pay Later products
Klarna report that there are now over 250,000 merchants globally integrated Klarna — an indication of the payment method’s widespread acceptance and usefulness.
Klarna cites a 20% increase in purchase frequency for consumers using pay-later. Merchants also receive a payment guarantee and are not at risk if a consumer defaults on payment.
Specifications
Currencies
Features
How it works
At online checkout, the consumer selects Klarna as their preferred payment method
The consumer redirects to a Klarna HPP, then chooses their preferred Pay later plan
The consumer enters the required personal details and confirms the transaction
The merchant and consumer are notified of the successful transaction; the consumer pays Klarna on or before the due date
Want to integrate Klarna Paylater onto your platform?
Get in touchWhy Klarna PayNow
Over 250,000 merchants globally have integrated Klarna — an indication of the payment method’s widespread acceptance and usefulness.
In its May 2022 results, Klarna reported 93% of transactions are made by returning Klarna users with their most loyal users making an average of 53 transactions during Q1 2022
Klarna reports retailers typically see a 68% increase in average order value, and 44% of their customers would have abandoned carts if Pay Now had not been available.
Specifications
Currencies
Features
How it works
At online checkout, the consumer selects Klarna as their preferred payment method
The consumer redirects to a Klarna HPP and selects their bank to pay, via bank transfer or direct debit
The consumer provides their bank account credentials, reviews and authorises the transaction
Payment is confirmed; the consumer redirects to the merchant
Want to integrate Klarna PayNow onto your platform?
Get in touchWhy Klarna Fair Financing
With a powerful brand across Europe, Klarna claims a 10% e-commerce market share in northern Europe.
Klarna claims 30% of consumers would have abandoned their cart if the Klarna Financing option had not been available as a payment method.
Klarna reports a 58% boost in average order value for retailers that offer Klarna. Merchants are paid upfront regardless of the consumer’s payment schedule, or if a consumer defaults on payment.
Specifications
Currencies
Features
How it works
At online checkout, the consumer selects Klarna as their preferred payment method
The consumer redirects to a Klarna HPP and chooses their preferred Klarna financing plan
The consumer enters the required personal details and confirms the transaction
The merchant and consumer are notified of the successful transaction; the consumer pays Klarna according to financing terms